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Apple Inc.
AAPL.OISIN: US0378331005SEDOL: 2046251 |
Rating: STRONG BUY |
Target Price: 194.71 USD |
Investment Horizon: 6 to 12 months |
3Q 09 Earnings Update
Apple’s strategy of redesigning of some of its PC products and lowering entry points seemed to have paid off with resilience seen across its notebook shipments and strong demand for iPhones. Going ahead, strong demand from China and stabilization in the US economy is expected to drive growth for the company’s Mac products. Lower entry points, product redesigns and promotional schemes announced by the company will further support shipments in the upcoming back-to school period....
Initiation Report
Apple Incorporated (Apple) successfully ventured into the mobile communication business with the launch of the iPhone and successfully surpassed its iPhone unit sales target in FY 2008. Despite poor consumer spending, the demand outlook for smartphones remains favorable as worldwide 3G services are growing, coupled with an anticipated reduction in data based subscription fees by 3G mobile operators....
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